IT’s big data blunder

Many organizations are pouring in millions of dollars on tools and data scientists but many continue to struggle in turning up any meaningful returns from their big data initiatives.

Behind this big data debacle, according to an article in the Harvard Business Review, is a common blunder by many IT departments to treat their analytics and big data projects just as they would other IT projects such as an enterprise resource planning (ERP) or customer relations management (CRM) installation.

Traditional project planning methods typically involve establishing requirements and tech specifications upfront as well as building and deploying technology based on pre-conceived plans and delivering it on time and on budget.